Bitcoin - BTCUSD - Long 5 to 1 trade
Hello all - DuncanForex here with another trade idea
With Bitcoin bouncing around support and now making new higher highs on the 1 hour chart
Two ways to enter - on the break of the previous 4 hour candle high
or
a retrace to 9900 area and then a continuation upwards (will provide a tighter stop opportunity and an even better Reward vs Risk. - I will be in looking for about a 5 to 1 trade if the 4 hour highs are broken
It meets my rules bouncing off support at the 9930 area and therefore I am looking for along trade.
If 9400 gets broken - then I will be looking to short Bitcoin down to 7100 area
Lets see how it plays out.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
With Bitcoin bouncing around support and now making new higher highs on the 1 hour chart
Two ways to enter - on the break of the previous 4 hour candle high
or
a retrace to 9900 area and then a continuation upwards (will provide a tighter stop opportunity and an even better Reward vs Risk. - I will be in looking for about a 5 to 1 trade if the 4 hour highs are broken
It meets my rules bouncing off support at the 9930 area and therefore I am looking for along trade.
If 9400 gets broken - then I will be looking to short Bitcoin down to 7100 area
Lets see how it plays out.
DuncanForex.com is now live
Thanks for looking at my trade idea
Duncan
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